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(M9) Bears Unable To Hold Below 164......>

BUND TECHS
BUND TECHS: (M9) Bears Unable To Hold Below 164
*RES 4: 167.21 138.2% projection from 165.84-166.83 (continuation chart) 
*RES 3: 166.83 High Feb 8 (continuation chart) 
*RES 2: 166.28 High Mar 7 (continuation chart) 
*RES 1: 164.74 High Mar 8,12 
*PRICE: 164.27 @ 03:55 GMT Mar 18 
*SUP 1: 163.98 Low Mar 18 
*SUP 2: 163.43 Low Mar 7 
*SUP 3: 163.06/163.17 Low Mar 5/50-dma 
*SUP 4: 162.42 Low Mar 1 
Bund futures continue to hold above the 164 level on a closing basis raising the
prospect of a near term basing pattern which would shift the focus back to the
March 8,12 highs at 164.74. Above here would reignite upside momentum and put
the focus back on the Feb highs on the continuation chart. Bears need a close
below 164 to shift the near term outlook negative. Below yesterday's low at
163.98 would open the March 7 low at 163.43 as the next downside target.

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